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is the meeting tomorrow between obama and abe a meeting about china? >> even the japanese economy is about china. the american economy relies on them for the military and -- to maintain a stable balance of power in action -- they are concerned of a change in power. chinese growth makes the japanese economy important. and they will talk about china. >> they have to have japan act -- the second and third largest economies in china and japan, and japan is the counterbalance. >> the u.s. doesn't have the ability to stop china's growth, and will the major economies have the clout to write the rules and set the norms that make sure china's rise is useful. >> we could be talking ofut the security concerns china and japan. this is almost the same, keeping a check on the rising china. >> containing china is not in our means. there is a finite security problem, the island dispute where both sides have been more robust, shall we say, in pursuing the claims as japan buys the islands and china by swarming the waters with paramilitary units, much more aggrressive in the rules of engagement. the prime minister
they both claim. first time they confirm china has done this to an sdf ship. gonodera just spoke about it. >> translator: using this so-called radar, weapons radar, is an extraordinary act. the japanese government believes that the situation could have gotten extremely dangerous. >> >> he says they laj aid protest with chi noose ministry. he revealed it happened on january 30th in international waters. he says the vessels were about three kilometers apart. he says defense ministry analysts are investigating a separate incident from earlier in january. they suspect a chinese navy frigget trained its weapons on a self-defense helicopter. japan and china have wenlocked in a dispute over the senkaku islands. china and taiwan claim the territory. the japanese government nationalized the islands last september. chinese surveillance ships have been navigating in and around or out of japanese waters near the territory ever since. the area around the islands is believed to be rich in natural resources. the disagreement has affected diplomatic relations and trade. >>> security analysts are trying t
. >> that's right. we will also be going to china. we've been reporting all week long, last few weeks as well, and the toxics law in beijing keeping people inside, posing a respiratory threat, especially to the elderly and children now. it is on the move, now in japan. we will be telling you about what people there are doing as well to deal with the threat of china's toxic smog. stay with us. >> welcome back. british prime minister david cameron's bowling conservative party has split in two over his push to legalize same-sex marriages, a move that many of his own lawmakers say was wrong, not a priority for the public, and unnecessarily divisive. >> many conservatives still up in parliament to denounce the legislation ahead of the vote in which up to half of kamins 303 lawmakers are expected to reject the measure on moral and religious grounds. >> matthew and chris were the first to register their relationship at a registry office when england and wales introduced the civil partnership act in 2005. they took the chance to gain official recognition of their 40-year relationship. now the
. >>> india's defense minister has voiced his concern over china's recent acquisition of control over a strategically important port in pakistan. his remarks came a week after pakistan's announcement that it would change the management of its southwestern part of gwadar to a chinese state-run firm. the transfer is a matter of concern for india. the port was built with chinese assistance and opened in 2007. it's situated near the strait of hormuz, a key oil shipping lane from the middle east. china has been helping india's other neighbors, particularly myanmar and sri lanka to construct and maintain port facilities. >> i can say it is a matter of concern to us. >> india is wary that china may be trying to increase its influence in the indian ocean, following similar efforts in the south china sea. >>> south korea's next leader has called politicians together to come up with a strategy to deal with with north korea. military leaders in pyongyang have threatened to carry out another nuclear test. >> translator: now is the time for both ruling and opposition parties to unite and call on n
a fourth consecutive month of expansion. china's hsbc flash pmi index for february slipped to 50.4, the lowest reading in four months and down from a two-year high in january of 52.3. no one is hitting the panic button just yet. >> while the flash pmi slipped from a two-year high in yarn, it tells us china's economic recovery is intact. 6.4 is considered that the week long lunar new year holiday fell in february of this year. look back at lunar new year last year and you can see some of the distortion effect it fell in january 2012. what may be worry background this month's flash pmi is the new export orders subindex. it inched down to contraction territory, add to go existing worries about this sector. taken as a whole, the flash pmi number is the earliest indicator of china's health and the hsbc and the official data have been steadily improving. the hsbc category track tess official firms. the official is represented by green line here. now, all eyes are on friday when we will get the final pmi readings. back to you guys. >> all right. that was diedra. joining us for more, dar
media sites. at the recent world economic forum in switzerland participates discuss china's economic future and the policy changes needed to move the country forward. ists including -- analysts included economic professors from china and the u.s. the role world economic forum is anen yule event this is about an hour. [inaudible conversations] welcome from inside economic forum. the party congress has said the very ambition goal for all -- [inaudible] and. we'll ask whether how it can be achieved over the next hour. [inaudible] [inaudible] >> translator: i'm going to divide the one hour in to three parts. first we're going to talk about whether the vision could be achieved. what our major challenge and the reasons and the second part will be reform. and so i want to discuss about the priorities of reform that is how to set the reform lastly welcome to talk about the government. we have to talk about the role of the government and also what is the expectations of our -- on the new administration and also ten to fifteen minutes for the audience. let me introduce the five distinguished g
and american business interests. >> we are concerned about the involvement of the military. >> china's defense ministry has addressed the u.s. allegations as groundless and a defense ministry spokesperson is quoted as say the military has never been involved in military espionage. the country's ip addresses are often stolen and misused and he said that many attacks come from the united states, but china has never blamed the u.s. >>> people who work for u.s. computer giant apple say hackers have hit them too. the attack resembles one last month on employees of social networking company facebook. spokespersons for apple said some employees visited a website for software developers. software designed to attack the company's network infected their computers. the spokespersons say no user data got out. technicians have started distributing software to detect and delete the malicious software. apple managers say they're cooperating with the fbi to identify those responsible. >>> a japanese caller has won a top u.s. award for helping make cell phones possible. the prize is seen as the nobel of engine
the economies of europe, japan, china, and south korea. next, on booktv. this is a little over an hour.ro ba okay. it is great tock be back at the society. >> for 25 years now, we enjoy a terrific relationship with the a japan society in so manyys wayse ved quudible] bed we have lived quite a bit o time in this is great to be with you let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of debt cry cease and all of this, i just knew that it was right in our sweet spot in what we needed to be able to do. so we were able to convince him, and so now i'm not talking to you as his friend, i'm talking to you as his publisher. [laughter] and we had this decision, you know, we were going to do this book, and we kid. and we did. now, the ink wasn't even dry on this book when
with officials of china and russia, which are permanent members of the u.n. security council. >>> south korea's incoming president says she may have to decide,deal with it as part of her administration. she made it part of her platform in how to build relations and trust with the north. >> translator: north korean actions affect our policy. the north should understand with any further pro provocation, we will be able to have a dialogue, even if we want to. >> park made the remark on wednesday at a meeting of transition committee panel on foreign affairs in north/south relation. she said the north's nuclear test on tuesday clearly shows the difficulty of building trust and peace on the korean peninsula. she indicated that for the time being, she will focus on preventing such provocation to avoid anxiety spreading among the south korean people. >>> south korean military personnel are trying to determine the type of bomb used for their test. they have taken to the sea and the sky to search for radioactive substances. a defense ministry spokesperson says the samples could help determine the makeu
of europe, japan, china and south korea. next on booktv. this is a little over an hour. [applause] >> okay. first of all, it's great to be back at the japan society, and we enjoy our relationship that way. tokyo, for the mcgraw-hill companies, has been the headquarters of our asia pacific operations for 25 years now, and we enjoy a terrific relationship and a lot concern in a lot of different ways. one of many by colleagues is with me, doug peterson, who just joined us from citi, and he is heading up standard & poor's ratings, and we welcome you, doug. and doug has lived with citi all over the world and as such as lived quite a bit of time in japan itself. so it's great to be with you tonight as well, doug. let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of d
is less than 100 miles from north korea's china border. and is the same site used for north korea's previous two tests. the first in 2006 and the second in 2009. the u.s. geological survey detected a 4.9 magnitude seismic event in the area, more powerful than the 4.5 that registered in 2009 after north korea's second test. scientists in multiple countriesing detected the explosion. north korea issued a confirmation, declaring the test was quote, carried out at a high level in a safe and perfect manner using a miniatureized de greater explosive force than previously, unquoted. pyongyang also declared the the reckless hostility of the united states. unquote. in a state of the union address tuesday president obama had this to say. >> provocation of the sort we saw last night will only further isolate them as we standby our allies, strengthen our own missile defense and lead the world in taking firm action in response to defense and take firm action in respnorth threats. >> this is north korea's first successfully launched a long range rocket, raising fears north korea now has the cap
been acting lame. china may indeed be slowing, i don't like to see the oil index plummet. the speculation. i don't like washington back on the front page. they come along at the right moment to put the cabarb on any rally. jellystone national park, yogi. i am concerned about the payroll tax holiday going away. i am worried about higher taxes, autosales could be slowing. did anyone think -- did anyone think we would maintain the streak longer than the ah mazing hittering streak of joe dimaggio. no-hitters endlessly. the late, great marty sly said, we got the chance to watch him, don't fight the tape and don't fight the fed. if the economy is going to slow down because of the fed, don't filt that as a gardener, even if i am a savage fighting machine gardener, i like the concept of rain. i like to believe you can have a garden variety squall. i just think they we were due, over due. maybe for a bit of rain or a thunderstorm. for those of you who don't pay for espn. i saw green bay lose a bunch of games, i have written off the yankees, why can't the market have a losing sessi
from around the world. spanish bank stocks hit hard. bbv bbva, sees profits plunge. a pair of china manufacturing survey seeking expansion in january. the official pmi has slipped below expectations. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction
in mid-january. japa controls the islands. china and taiwan claim them. >> translator: it's extremely regrettable that such a unilateral provocative action has been taken. we will strongly urge the chinese to exercise restraint and not make the situation any worse. >> a spokesperson said she learned about the incident through the media. japanese government officials say the chinese are trying to give the impression they're not behind the incidents. >>> the u.s. defense secretary says it could have had grave consequences. l leon panetta says it could inflame intentions. >> they have to be part of family of nations in that region working gether. >> panetta said the united states, south korea and japan will do everything possible to ensure their territories are secu secure. he called on china to avoid antagonizing other nations. the former secretary of state said u.s. officials oppose any unilateral moves aimed at undermining japan's control. >>> as north korea prepares to test another nuclear weapon, t south's top military commander has warned that yan may be trying to develop a hydroge
is looking forward to what abe has to say. he said obama is eager to hear about a dispute with china. abe is meeting obama for the first time since he moved back into the prime minister's office two months ago. they are expected to discuss a free trade deal, the alliance between their countries and the push for united nations sanctions on north korea. obama wants to hear abe's take on the dispute over the senkaku islands. japan nationalized the islands in december. china and taiwan claim them. it's in the interest of the obama administration to have the dispute solved in a peaceful manner. prime minister abe is planning to visit russia before the end of the year to meet with the president. when he does another dispute, another issue will be on the agenda. russia control tgs islands and japan claims them. >> translator: this is an important year to build a new relationship. i hope it paves the way for abe's visit. >> mori delivered a letter from abe. putin said he, too, hoped for better things ahead. >> translator: i'm looking forward to meeting with prime minister abe. i hope it will lead
up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over banking standards and next week
india, and china and thailand, three quite vibrant economies. >> sanctions have been imposed sequentially. they actually got more intense over the past decade and so really it's been pretty much illegal to do business with burma in any form, uh, with the united states for the last few years. this had the effect, i think, of driving the burmese into pretty heavy dependence on china, which is their, by far their biggest trade partner. but actually that seems to have had some impact in this opening, because the chinese i think have been very heavy-handed in their behavior in burma and the burmese didn't want to be dependent to china. >> i think in large part the discrepancy in the quality of life, the economic situation in myanmar compared to the rest of the region was very dramatic and i think the authorities were conscious of their enormous dependency on china. so i'm sure a kind of economic agenda probably fed into, also a general sense, that stability and security for the country itself, would come actually not from a continued a very repressive regime, but from the opening
to step aside. >>> the rush to set up shop in china is down. the fastest decline in more than three years in january. >>> okay. lots happening on the program today including a grew interviewer coming up. we'll be counting down to the bank of england minutes after andrew bailey is to lead the new banking regulation unit. the minutes will be out in a half-hour's time. we'll bring those and u.k. unemployment figures. >>> the central bank watch extends overseas as investors stand by for minutes from the federal reserve's latest meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin h
about last night, i am concerned about copper. it's been acting a little lame and that means china, indeed, may be slowing. i don't like to see the oil service index plummet, if we could break the 33-day streak, that wouldn't be all that terrible. i don't like washington backen o the front page. they're a short sellers delight. they come on the right moment to put the kaibosh on a rally. and i am concerned about the payroll tax holiday going away. i'm worried about still higher tax, i think auto sales could be slowing. the dollar was as strong as it's been in months. those are all bad, all right? let's step back for a second. did anyone really think the rally could keep going up week after week after week? did anyone think we could maintain the streak any more than the hitting streak of joe dimaggio? did we expect the market to hit endlessly? oil down the hardest in two months. is that like cal ripken quitting in the end? the markets had an amazing run. we don't want the federal reserve to start ratcheting up interest rates all of a sudden. because as the late great marty said famo
challenges facing the economies of europe, japan, china, and south korea. next on book tv. this is a little over an hour. [applause] >> okay. first of all, it is great to be back. we enjoyed our relationship that way. tokyo has been the headquarters of our asia-pacific operations for 25 years now. we enjoy a terrific relationship and a lot of different ways. one of my colleagues who is with me, doug peterson who just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking
in the pacific. not just about china, but about some of the intraasian problem that is we're seeing. and if you can doing what our economists at aei absolutely revile, link it back to some of of the, you know, economic questions that we face and the prosperity that we've gotten used to up to a point? >> thanks. well, first,ing now you know how asia feels in these discussions, always sort of last, and when attention comes, it's sort of quick. [laughter] >> this is why you grew a beard. >> exactly. let me, let me mention three things. that i think will be on the radar that we should be aware of. and then link it, actually, back to the broader discussion, what dani asked about the economics. um, so, you know, if tom was talking about the immediate game and fred was talking about the short-term game, asia sees itself as the long-term game. and they sue -- they view what's going on there in those terms. of it's not something that -- well, whatever i'm about to mention, they don't think it's going to be resolved tomorrow. they don't think that the trends they're dealing with are at any point in time
on bringing top investors with us. we brought china investment corporation to invest in several transactions. last year 1.5 billion came from investors. so our approach is invest a little bit of money, but have investors since the walls come and invest in russia so it's all about increasing the partnership of foreign investors and of private investors in the foreign economy. >> we had the ipo going on at the moment, as well. you are a stakeholder in that, as well. can you tell us what the intentions are regarding that ipo? >> well, we're big deliverers in my business. we're a shareholder. we would like to increase our stake in the business and we would like to continue bringing investors with us. we already brought quite a few investors into the company. the ipo will be happening tonight. we have big delivery of the business because it's a monopoly stock exchange in russia. president putin mentioned that most of the exchange will happen with the schangz. >> and so you can't tell us exactly what you're doing until we find out tomorrow, but there is a good chance you want to increase your expo
monetary condition in china. in japan, the nikkei recouped early losses to finish higher by 0.7% while investors watch if the u.s. backs aggressive economic recovery plans. .some european sensitive stocks were weaker over concerns about the u.s. economy and data but heavy with stocks. south korea's kospi managed to finish largely in the green. australia's asx 200 finished about 0.75% in the green. india's sensex now trading higher by 0.3%. back to you. >> sixuan, thank you very much. a lot of key levels on global markets this week. still to come on the program, we'll be live on the ground. here are some highlights of what we've heard from the candidates so far. >> i've never spent that much on something for any girlfriend. an incredible sum. it's the most interesting i could do. we've announced the wish to make a gesture from the state aimed at renewing our closest and peaceful relationship with the people. >> translator: we'll put italy first. we need to pull out of this. we don't want to have enemies. we want to use our ideas to call italy out of this situation. and i also want to sp
taster. in china, it's the first trading day market in the new year of the snake. so will it be new year old problems? up next from hong kong, we'll have the latest analysis. >> did you just slither? also, the final week of campaigning in italy ahead of the general elections. we will be live in milan throughout the morning for a roundup of the candidates policies and pit falls. julia will join us for that. >>> and hear state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider chang
a hobby. >> host: you have some of that in the book. taking it to china taking it to palestine, how did you write a play, go through all you had to go through three different governments to do and what it and what was the reception and most respected areas? >> guest: in china one of my former students was there so that was the accident. i had visited her and she was fluent in chinese. she was there for a long period of time and she had seen danny glover before. i had written a script at that time. he read the script and she said well look, why can't we do this in china? it would really be a great impact to bring king. so the national leader of china. >> host: what year is this? >> guest: this was 2007 and we performed it in the theater less than two miles from tiananmen square. >> host: in chinese? >> guest: in chinese. we were performing the birmingham protests with the chinese martin luther king and all of this is taking place before packed audiences within walking distance of tiananmen square. so translating king's legacy and ringing a gospel choir you know -- and i have actually thr
announcer ] hold packages at any fedex office location. >>> over the weekend, china's service sector gauged up slightly for january, as well, which is adding to evidence of some economic rebound. let's check in with markets across asia. li sixuan joins us from singapore. >> thank you, kelly. as you just mentioned, those eurozone fears and a negative handover from wall street were somewhat offset by upbeat data from china. the latest pmi data confirmed more signs of china's recovery. the shanghai composite reversed early losses to end marginally higher today. developers left the game. railway stocks soared to 8% to 10% growth in light of people traveling during this week's holiday rush. meanwhile, the hang seng had its worst day in almost three months. shares tumbled 6.4% today after a $3 billion new share placement added 9.5% discount from montd's closing price. in japan, the nikkei pulled back from its 33-month high, ending down by nearly 2%. shares slipped of 6% after its outlook by 16%. retailing lost over 3%. this comes after its unit close in domestic same store sales last month. elsew
that is a major game changer. the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared with other markets. so all these four different trends trarns late for positive earning he in the region. >> where are the map opportunities, then, if you're looking from an investment angle? where would you see the sectors you get most of this transaction? >> right. right. so you would look at the region. what's happening is the rise of the middle class. in china, of course, at the country is changing from an export dependent economy to an economy of more balance towards internal consumption, i.e., underpinned by the rising middle class. and the same story you were sayi
members that include the united states, china, it includes russia. russia is really neither an economic or military superpower except in regards to its nuclear arsenal. and then we have friends and britain and here we have two very much medium powers that are not economic heavyweights, you still exert a great deal of forward and influence in world affairs. a large part of that as leverage they security council itself. we have no india, no brazil, no party from outside this kind of frozen group. and this is, i think, an enormous problem for the security council and one that there's probably no structural way to overcome. the reason why is pretty simple. if you say to any of the current members, why did she set on down, france and britain come you guys had to combine in a single european union fee. and then there's a lot of hemming and hauling it in the meantime, germany pops up and says pet, we are actually one of the world's great economic superpowers. we have no military to speak of and we cannot do anything, but we pay for everything, so we actually deserve a seat. she say we know how
to the euro, above 134 this morning. japan's nikkei surging nearly 2%. the markets in china and hong kong are closed for a second straight day in observance of the chinese lunar new year. apple, in just about 1 hour 15 minutes, ceo tim cook takes the stage at the goldman tech conference. he will unveil a dividend increase or buyback. will he reveal anything about the product pipeline. we're on the ground in san fran. >>> the president set to deliver the state of the union address tonight. will he strike a conciliatory tone or push for more tax hikes. and why will tim cook be sitting next to the first lady. >>> europe, once again, the laggard with a decline in both volumes and sales. >>> what a quarter for michael kors. blew out earnings, posted a whopping 41% comp in north america. >>> we begin, of course, with apple. ceo tim cook set to speak at the goldman sachs conference in san francisco. this comes amid concerns about apple losing smartphone market share, a legal challenge in a stock that has fallen more than 30% from its september highs. it is the stock declines that i think puts in
. strongelieved the yen's performance and a diplomatic dispute with china contributed to the figures. japan says it has the right to arm itself -- to strike against any threat. but japanese defense minister made the comments after north korea conducted a third nuclear test. >> when an intention to attack japan is evident, the apprentice imminent and there are no other options, japan is allowed to carry out strikes against enemy targets. >> south korea has unveiled a new cruise missile capable of hitting targets in north korea. the missile can be fired from a warship or submarine. two days ago, north korea conducted a third nuclear test. >> the cruise missile is an extremely accurate weapon that can give precise targets such as the north korean command office or anywhere in or prevented. it is extremely destructive and prayerful. -- and powerful. >> there's a joint military exercise of thailand. the u.s., south korea, japan, indonesia, and malaysia are taking part in the drill. myanmar is taking part in this first joint military drill in thailand but only as an observer. the exercise is aimed at
countries-pat spoke with leaders about her husband's upcoming tariff to -- trip to china, explaining he was trying to open a dialogue, and she reiterate america's promise of financial assistance and announced the creation of two grad walt scholarships for women to travel to the united states to study. not her official pronouncements that earned her the accolades, either in the country she visit or back home. it was her warmth, enthusiasm, general win appreciation of and affection for the people she met in monrovia, she said she could not wait to meet people. she did that. she waded into crowds, shaking hands, and giving hugs. at the inauguration ceremony she gave the president a cheek-to-cheek embrace. he called her, quote, woman with strength of spirit and fortitude of character, when a group of women presented her with cloths, rather than just slipping it under her chair, she stood up and began to tie it around her waste. the women got up and came up to help her and dressed her in the traditional clothing. pat's delight in her outfit and her willingness to 0 model spoke volumes out ab
demand thanks to shipments in china after a dismal year for the industry. >>> disney could be the happiest place on earth today. the media giant reports better than expected earnings, sees even brighter days ahead. >>> new imminent privatization for ubs. the business secretary plays down talk of a government plan to sell shares in the state-owned banks. this as rbc confirms it's liable to face libor penalties. >>> all right. let's bring you up to speed at the top of the program. we start with global equities and european equities in particular, weighted to the upside. 8-1. advancers outpaced decliners at the moment. footse 100, gauges today, this is where we stand. up .5%, xetera dax up a quarter. the ibex up .4, trying to receiver from the losses on monday -- recover from the losses on monday. the cac cac up .25. shares jumping after a strong earnings report. the danish wind turbine maker announcing better than expected rise in fourth quarter profit and revenue. stock up 7%. they expect a pickup and more demand this year. this after the net loss widened to $4 billion in th
people, combined i.q. of a couple hundred. anyway, the notion we have a deficit in china is wrong. we actually have a surplus. why? san francisco in july of last year estimated 55% of chinese imports have american content. in other words, offshore. if you take that figure from the chinese figure, up goes the u.s. by 220 billion. a good example of that is apple. iphone and ipod are made in china. however, 66% u.s. content and 3% chinese or which i'm sure is taiwanese. so why are these figures not been taken into account? >> i think this story with all due respect is vastly overblown. ken kramer at you see irvine has been the best research into that. the real issue is not u.s. or china. it's japan and taiwan that they end up getting more value-added. when you look at trade numbers, they trade system when apple sells ip or experts, that's included in the trade system. when we moved apart to china to dissemble, that's an exporter. the whole thing is included as an import. so i do think those numbers are anywhere near as for this you would suggest. >> okay. i think we are going to end this
away their sins. china has overtaken the u.s. to become the world's biggest trading nation. china's imports and exports totalled 3.87 trillion dollars last year compared to 3.82 trillion for the u.s. the u.s. economy overall is still more than double the size of chinas. chinese new year's celebrations are ushering in the year of the snake. parades and fireworks marked the holiday. people born in the year of the snake are considered stylish and good with money. in beijing singer celine dion became the first foreigner to start an official new year's festivity. she sang a duet in mandarin chinese, one of china's most popular folk songs. still ahead, would you trade your car for a microcar?pr i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe
. china's securities regulator issued a draft to allow more brokerages to expand asset-backed securities businesses. also, there are reports that beijing will soon allow resident in hong kong and taiwan to invest in the mainland's a shares, boosting market liquidity. meanwhile, shares in hong kong bounced off its two-month low, up .25%. aia shares added over 4% after posting an 89% jump in 2012 profit. the property counter also lent support while hong kong's government pledged more public housing and lends supply to home affordability. another lackluster session in japan after yesterday's over 2% tumble. the nikkei lost 1.3%. financials led the renewals on losses and worries. a stronger yen sent exporter stocks lower. cannon slipped nearly 3% despite the camera maker forecasting that 7% to 8% growth for 2013 sales. elsewhere, the kospi ended marginally in the green, up .2%. south korean automakers drove higher thanks to the yen's regained strength. hyundai added .7%. while the company agreed to set fuel economy cases in the u.s., although the amount is not disclosed. meanwhile, australia
with the hardware that we buy today, all the products are being made in china or thailand. there is something that can be put into that. it is hard to get out of there. stuff we are getting all over america is a problem. it is the hardware. everything comes from china. we have to stop that. guest: he is partly correct. not everything comes from china, and there are other threats. you're absolutely right, that hard were developed through these long international supply chains, is an enormous problem. we at the internet security alliance had been working on a program to develop a mechanism to better manage the hardware development process. the key here is economics. the reason why we have these long supply chains, in china, and compromises can be put into hardware throughout that supply chain, and the reason we have it is because it is so economical. you cannot compete in the market unless you're accessing these long international supply chains. we have to find a way to secure this system, understanding we may have some insecure parts to the system. we can do those sorts of things. the key is n
that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been pretty patient with its bad behavior and this nuclear test could complicate things a bit, given that the chinese support was to maintain the status quo in the region. guys, back to you. >> chery, thanks very much. we should note the international response has been swift. you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> than
china has more than doubled its investment in developing new agricultural technologies. those are the kinds of fort decided policies that are enabling china to emerge as a world power and in which we frankly need to get back to. as we shift our focus and our resources towards smarter, more constructive forms of international interaction, it is critical that feed security remained at the center of shading a secure world. when it comes to diplomacy, that means forging stronger public, private, and government-to- government relations, like usaid's promised to feed the future initiative, and focus on local solutions to enable countries to take ownership of their own allotment -- development. it means ensuring 500 million farmers can participate meaningfully in democratic and governing their own countries. these farmers often have no voice in their future. more specifically, it means empowering women who represent 43% of small holders and are the majority of farmers now and over 30 countries. land rights and ownership can help women realize their potential, which benefits families,
to shrink as it struggled to manage a food safety scare in china. remember i made that joke about cats. we'll leave that alone. also, toyota now raising its annual profit guidance banking on stronger sales in the u.s. market and a boochtd from a weaker yen. but the automaker says it will not build any new factories in three years despite product. >> why don't we take a look at markets this morning. yesterday, the markets had their worst performance in 2013. the dow was down by about 129 points. that is less than 1%. s&p was off about 1 is.1%. and the nasdaq was off by about 1.5%. this morning, we do see some green arrows indicating that at least at the open, if things continue at the pace they are at right now, you will see some gains for the stock market, a bounceback after the dow fell back below 14,000 yesterday. take a look at oil price these morning. right now, you'll see that wti crude is up by about 47 cents. that's about 0.5%. 96.64. the ten-year note, which kwled yesterday was once again yielding around 2%, at this point, the yield is back at 1 of 989%, sitting right at that cusp
he mouths his words like a fish careful not to mention china to us who are now fartherless and motherless in this new country. he does not know we created our own miracle that transformed the stale, hard crust into wrich crackling pork skinning. the soup and broth. our lips smack in satisfaction of this, our only taste of home. >> this piece is on angel island. the angel island immigration station where chinese and otherim grants were detained and interrogated from 1910 to 1940 before they were allowed into america. many adopted false identities in order to escape this strict act. our morning strolls to mountain lake park my wife of 50 years stays a step behind. she needs my arm for balance but avoids my touch. she counts the 10 sign posts. 5 stop signs and 2 mailboxes to our destination. she moves her lips as if remembering. before i came here, i had a name. 4 palm trees faced us when we landed loomed like guardians to pass the golden gate we tell them what they wanted to hear. on this island of desperate dreams we shed our skins and wore new once. we burned our parents n
of china. this is looking at friday morning, that storm system just to the south really widespread rain showers but even in tokyo going into the noon hours could see a flurry or two inland. nothing accumulating on the ground but goes to show how cold this will be as it does push overhead. higher elevations will see snowfall not just from this system as it pushes by. that snow effect machine will be turning back up. 30 centimeters of snowfall expected around tohoku. if you're a skier you'll be very happy because that will bring fresh powder for you. high pressure dominating northern china. air stagnation a main issue in the beijing. farther towards the south warm air is moving in. hong kong 23 here for your high on your friday. not that warm actually across most of the u.s. and canada here those. we were talking about a few storm systems one here across florida. that's keeping things rather wet for the time being, some thunderstorms flaring up but nothing too severe. further towards the north watching an alberta clipper moving through bringing heavy snowfall across the great lakes, on to
the ministry of tourism that they contacted the relevant embassies, which includes china, japan, hungary, france, and britain, to coordinate the response and how to get the bodies back home. of course, this comes as a huge blow for the egyptian tourist -- tourism industry. one of the main sources of revenue, being one of the last areas of the country where tourists were still going to, given the fact that cairo and surrounding cities are stowe -- are so unstable politically, and also the fact that the sinai is reported to be a difficult area to navigate in various reports of kidnappings there. it comes as a blow to the egyptian economy at a time when it could ill afford an accident like this. >> syria's opposition decided it will after all attend a conference in rome to discuss the future of the country. the change of heart was prompted by the u.s.-u.k. who promised more aid. the coalition previously refused to attend in protest for what it called a world silence over the conflict. the syrian government would not be in wrong but it did say on monday it would negotiate with any group, inc
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